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20121203
20121203
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CNBC 1
CNNW 1
KPIX (CBS) 1
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Search Results 0 to 2 of about 3
CNN
Dec 2, 2012 4:00pm PST
and congressional leaders met to talk about how to avoid the fiscal cliff. the automatic spending cuts and tack increases that begin to kick in if there's no agreement by january 1st. 16 days to get here. >> i think we're far apart still, but i think we're moving closer together. >> i would say we're nowhere, period. we're nowhere. >> reporter: thursday treasury secretary timothy geithner proposed president obama's plan which included $1.6 trillion in tax revenue coming largely from an expiration of bush era tax cuts for families who make more than $250,000 a year. geithner says that's a must. >> there's not going to be an agreement without rates going up. >> reporter: the administration's plan also included $50 billion in new stimulus spending. boehner says the entire proposal represented three weeks of wasted time. >> i was just flabbergasted. i looked at him and said you can't be serious. >> reporter: the house speaker says republicans have put increased revenues, including efforts to close tax loopholes and reform the tax code, on the table instead of raising tax rates for anyone. >> the fa
CBS
Dec 3, 2012 2:00am PST
back the cliff, the tax increases and spending cuts. the second is the debt ceiling. and the third thing is the path to fiscal sustainability, the long-term deficit reduction, tax reform, reforms to the entitlement programs that get to us a stable g.d.p. in the future. and that has to all be done at once. i don't think you can do this in parts. >> schieffer: let me ask the question which i'm sure there is no answer to, but what do you all think is most likely to happen? >> i think we're going to go over the cliff for a couple weeks, fingers crossed, we're then going to have a deal because there will be a political reset allowing both sides to be able to make nice with their caucuses and still make some progress on the issues of both begunnering more revenue and doing entitlement reform. >> i feel like a two-part deal this includes the republicans agreeing to a rate increase but allowing them a bookdoor to explain how to get out of that in the future which gives them a way to vote for tax rate increase will be very have, hard to do. >> schieffer: you think in the end they'll do that
CNBC
Dec 3, 2012 9:00am EST
up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the cliff. that's what they think. they think that you favor -- >> just for the record since we're on tv. that's silly if they think that they shouldn't be ceos. >> it doesn't really matter. that's what they think. >> i want you to walk me up to that moment. >> behind the record. i like that too. >> i'm stuck. like grover is stuck with this pledge he made everybody take which is that they have to go over the cliff because they obviously will not ever say the word tax. they will only say revenue. i'm stuck spe
Search Results 0 to 2 of about 3